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Elliott Wave Analysis Expects GBPUSD to Pullback in Wave 2
Read MoreShort Term Elliott Wave in GBPUSD suggests rally from 4.22.2024 low unfolded as a 5 waves impulse Elliott Wave structure. Up from 4.22.2024 low, wave ((i)) ended at 1.2635 and pullback in wave ((ii)) ended at 1.2445. The pair extends higher again in wave ((iii)) with internal subdivision as an impulse in lesser degree. The […]
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Elliott Wave Analysis Expects Nasdaq Futures (NQ) Continue Higher
Read MoreShort Term Elliott Wave in Nasdaq Futures (NQ) suggests the rally from 4.19.2024 low is in progress as an impulse. Up from 4.19.2024 low, wave ((i)) ended at 17949 and dips in wave ((ii)) ended at 17386. The NQ extended higher in wave ((iii)) with internal subdivision as another impulse in lesser degree. Up from wave […]
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SMH Semiconductor ETF Reacted from a Blue Box Breaking to New Highs
Read MoreThe VanEck Semiconductor ETF (SMH) is an exchange-traded fund that tracks a market-cap weighted index composed of 25 of the largest U.S.-listed semiconductor companies. The top holdings of SMH include companies like NVIDIA, Taiwan Semiconductor Manufacturing, Broadcom Inc., Texas Instruments, QUALCOMM, ASML Holding N.V., Applied Materials, Inc., Lam Research Corporation, Micron Technology, Inc., and Advanced Micro Devices, Inc. SMH 4 Hour Chart April 19th In March 2024, the ETF […]
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There is no Reason to Sell iShares Silver Trust (SLV)
Read MoreThe iShares Silver Trust (SLV) is an exchange-traded fund (ETF) that tracks the price performance of the underlying holdings in the London Bullion Market Association (LBMA) Silver Price as of August 2014. If you’re interested in investing in silver, SLV provides exposure to the silver market without the need to physically hold the metal. SLV 360 Min Chart May 7th At […]
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Elliott Wave Analysis on SPX Looking to Extend Higher in Impulsive Structure
Read MoreS&P 500 (SPX) breaks to new all-time high and should see further upside. This article and video look at the Elliott Wave path of the Index.
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Home Depot (HD) Reacted from the Blue Box Looking for more Downside
Read MoreHome Depot (HD), is an American multinational home improvement retail corporation that sells tools, construction products, appliances, and services, including fuel and transportation rentals. Home Depot is the largest home improvement retailer in the United States. After reaching all-time highs in December 2021, the price of HD fell considerably. According to the Elliott Wave Principle, […]